Loading prices...
GBPINR pair couldn't sustain at its intraday highs at 1.5643 levels and prices retraced lower towards 1.5570 levels. Areas between 1.5670-1.5690 have become multiple resistance for the pair on the upside. The outlook for the pair will be negative until prices stay below these resistance areas. Support for the pair is seen around 1.550311.5448 levels.
USDJPY –Daily Chart
USD/JPY pair rallied to hit an intraday high of 124.58 levels but selling at higher levels dragged prices lower towards 124.30 levels. A decisive breakout above 124.60 will open up upside targets of 125.101125.60 for the pair. Support for the pair is seen around 123 levels.
| Currency | Technical Outlook for the day on Indian Pairs |
| USDINR | Aug. USDINR pair managed to rebound from its lows at 64.24 levels and closed at 64.37 levels with a gain of 0.18% yesterday. The pair has managed to hold on to its support around 64.20 levels. Failure to break below this support on dips will see prices move higher towards 64.50/64.62 levels again. |
| EURINR | Aug. EURINR pair opened lower but prices managed to rebound from its intraday lows at 70.34 levels. Failure to break below 70.30-70 areas on dips will see prices consolidate and move higher towards 71.15/71.50 levels. On the contrary, a decisive break below 70 will see prices correct towards 69.50 levels. |
| JPYINR | Aug. JPYINR pair opened with a negative gap and the counter closed down with a cut of 0.32% yesterday. Sustenance below 51.90 will see prices dip further towards 51.60/51.50 areas over the coming sessions. A reversal in likely only above 51S0 levels. |
| GBPINR | Aug.GBPINR pair went through yet another flat session of trade yesterday. The pair needs to sustain above 100.50 to advance towards 100.90-101 levels. A correction in the pair is likely only on a break below 99.90 levels.
|
Courtesy : Emkay Commotrade
Emkay Commotrade Ltd.
7th Floor, The Ruby, Senapati Bapat Marg, Dadar - West, Mumbai - 400028.
India Tel: +91 22 66121212 Fax: +91 22 66121299
| Copper Scrap View All | |
| Alternator | 0.31 (0) |
| #1 Copper Bare Bright | 3.70 (0.05) |
| Aluminum Scrap View All | |
| 356 Aluminum Wheels (Clean) | 0.71 (0) |
| 6061 Extrusions | 0.62 (0) |
| Steel Scrap View All | |
| #1 Bundle | 475.00 (0) |
| #1 Busheling | 495.00 (0) |
| Electronics Scrap View All | |
MemberFull access to:
$49 USD/MONTH
